Chinese ministry of foreign affairs spokesperson Guo Jiakun participates in a press conference in Beijing. (EPA Images pic)BEIJING: Beijing said Friday that claims that Nvidia chief executive Jensen Huang was the target of a Chinese spy plot were "groundless speculation".

"The report in question is based on groundless speculation and is nothing more than an attempt to smear China," foreign ministry spokesman Guo Jiakun said at a regular briefing, referring to an article in The New York Times.

The report said that US intelligence officials concluded that a Chinese executive linked to Singapore-based data centre company Megaspeed acted as a Chinese intelligence asset funnelling information to Beijing.